EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.47413 is likely expected.
Caution: A possible change in the direction of support at 1.46231 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48422 |
| 2nd High | 1.48032 |
| Next High | 1.47413 |
| Current Price | 1.46482 |
| Next Low | 1.46231 |
| 2nd Low | 1.46102 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers